Chris Cosenza, a certified financial planner in Georgia, says talk with your financial planner about options for moving your retirement accounts.
For a lot of people, talking with a financial planner about what to do with your 401(k) or whether you will be allowed to roll your pension into an IRA may be a lower priority than, say, filing for unemployment.
That could be a costly mistake.
"The decisions around what to do with a retirement plan account after you leave your job is more critical today given we are nine years into this bull market and with stocks in the U.S. by most long-term measures about as expensive as they've ever been," Cosenza said. “A full discussion of the client's overall financial and retirement plan as well as risk budget is necessary to make the right call for each client as often more than one strategy usually makes sense."
Cosenza suggests you do your homework with the help of a competent advisor and that you know your options, so you can make an educated, informed decision.